Home Forums Chat Forum Life is hard living on £120k a year.

Viewing 40 posts - 321 through 360 (of 537 total)
  • Life is hard living on £120k a year.
  • ransos
    Free Member

    True but look at what has happens in recent years (ignore the change of government though, that’s more of an ironic coincidence, or is it?)

    A blip caused by the global economic crisis. It’s inarguable that the long-term trend is increasing inequality.

    Northwind
    Full Member

    jambalaya – Member

    I don’t agree at all. You can have a business where all the employees are in the top 1% of earners nationally. They are not earning their money off the 99% who don’t work for the company. Most people who start out in their working life aspire to improve their position or skills, they aspire to be in the top 50%, 25%, 10%, 5% 1% etc

    What you are quoting is old Marxist dogma that the rich only get rich because they underpay the poor for their efforts.

    Aspiration is completely irrelevant to this. And no, I’m not quoting “old marxist dogma”, I’ve not said that anyone is underpaid or overpaid.

    In your example- where does the money come from, if not from the 99%? Your company of 1%ers isn’t creating something from nothing then selling it to nobody.

    MSP
    Full Member

    (Easy to google if you think otherwise though ie that the facts are important.)

    I did, the figures I saw completely contradicted your claims.

    True but look at what has happens in recent years

    You want to ignore the long term trends and focus on a short time period that is the exception. Yep you are defiantly an economist.

    teamhurtmore
    Free Member

    Sorry, not true at all. The LT trend that you describe is easy to falsify with a basic google. Ther trends in income inequality show a variety of trends from shallow u-shaped, to distorted Us and all manner of odd shapes between. But there is no evidence (without picking suitable points) of the LT trends that you describe either over many centuries or even the past one.

    Edit: reply for ransos but relevant to MSP point too. Check the data it’s all there.

    Read what the gini research publishes and shows

    DrJ
    Full Member

    I think we’ve just been given a terrifying insight into a very deeply disturbed mind. I can only presume he works for a Tory Thinktank

    I’m not sure what part of saying that people with more money have more choices is especially the preserve of Tories. Instead of the lazy ad hominem, maybe it would be more convincing if you actually addressed the points in my post?

    andyrm
    Free Member

    10 pages of typical STW class war and other bullsh*t, ultimately all drummed down into “wage growth hasn’t matched cost of living, across the board bar a few at the very top”.

    If you have an income of £120k and prior COL expenses around £80, and then wage freezes result in £120k income staying stagnant but COL expenses going up 10%, you are just as badly off in percentage terms as anyone else.

    Just because he earns more and doesn’t work down t’pit or whatever, doesn’t mean he doesn’t feel the pinch.

    binners
    Full Member

    You need them pointing out? Where to start? Seriously? You need it pointing out to you why this is so deeply offensive, pompous and patronising..

    It’s a fact. Working class parents love their kids less than middle class ones.

    I doubt it, but it may be the case that, however much they love their kids, working class parents are less aware of the value of education, are less able to provide role models for education, and may be less able to optimise their childrens education by helping with homework, moving to a better school catchment area, paying for additional private services etc.

    Unbelievable!!! I reckon I’ve sussed it though. You are Ian Duncan Smith and I claim my food bank parcel 😆

    Nice stealth edit there BTW

    ransos
    Free Member

    Edit: reply for ransos but relevant to MSP point too. Check the data,mugs all there.

    Read what the gini research publishes and shows

    I have. Unless you’re going to pick just the last few (post economic crisis) years then income inequality is increasing.

    dazh
    Full Member

    If there wasn’t something ‘special’ which meant middle class kids weren’t more likely to get middle class jobs, than working class kids, we would see much more social mobility.

    You’ve lost me there. But on the subject of social mobility, it’s a simple case of having access to a decent and affordable/free education all the way up to graduate level, and being in an environment where learning and self-improvement is encouraged. In the vast majority of families (in any social class), the second aspect is true, sadly though for those from poorer backgrounds you can’t say the same about the first.

    chiefgrooveguru
    Full Member

    Although I think it’s laughable for a £120k salary to be considered part of the “squeezed middle” it is a good thing that he’s noticing the squeeze because it means he’s spending his money which keeps others wages and plenty of tax behind paid. Same reason I think that stupid footballer salaries are a good thing rather than the club owners making tons of profit.

    teamhurtmore
    Free Member

    I have. Unless you’re going to pick just the last few (post economic crisis) years then income inequality is increasing.

    Again completely falsifiable, but never mind.

    footflaps
    Full Member

    , it’s a simple case of having access to a decent and affordable/free education all the way up to graduate level, and being in an environment where learning and self-improvement is encouraged.

    If that were the case then there would be a very poor correlation between a person’s job ‘status’ (for lack of a better word) and their parent’s.

    However, study after study has shown that this is not the case and there are other factors at play such as social skills, business mindset, financial assistance etc

    dazh
    Full Member

    I’m not sure what part of saying that people with more money have more choices is especially the preserve of Tories.

    So my sarcasm radar wasn’t faulty after all 😯

    I think it was the bit where you said working class parents are too thick to be able to help their kids with homework, and too stupid to realise that a decent education is a thing worth having.

    ransos
    Free Member

    Again completely falsifiable, but never mind.

    If you wish to ignore the facts, you carry on.

    DrJ
    Full Member

    So, binners – you consider that it is “offensive” to state that working class parents are less able than middle class parents to afford to live in a good school catchment area? Bizarre. I suggest you obtain a map of (for example) the catchment areas for Aberdeen schools, and compare it with a map of house prices. Crossing the road into the Aberdeen Grammar catchment area gives a clear bump.

    Money gives you choices – that’s why we have it.

    DrJ
    Full Member

    I think it was the bit where you said working class parents are too thick to be able to help their kids with homework, and too stupid to realise that a decent education is a thing worth having.

    Aaah – I see your problem. I didn’t say either of those things, so we can narrow it down to your poor reading skills.

    teamhurtmore
    Free Member

    ransos – Member
    Again completely falsifiable, but never mind.
    If you wish to ignore the facts, you carry on.

    On the contrary, the facts are income inequality is much lower than in previous centuries and over the past century there have been improvement, stability, deterioration and then ST improvement. So the trends are very clear, thanks! I will carry on in their knowledge.

    From those distorters of truth 😉 at Harvard, the tends in the US which are not dissimilar to those in the UK:

    The united states is becoming even more unequal as income becomes more concentrated among the most affluent Americans. Income inequality has been rising since the late 1970s, and now rests at a level not seen since the Gilded Age—roughly 1870 to 1900, a period in U.S. history defined by the contrast between the excesses of the super-rich and the squalor of the poor.

    Early in the twentieth century, the share of total national income drawn by the top 1 percent of U.S. earners hovered around 18 percent. That share hit an all-time high in 1928—when top earners took home 21.1 percent of all income, including capital gains—then dropped steadily through the next three decades. Amid the post-World War II boom in higher education, and overall economic growth, the American middle class swelled and prospered, and the top 1 percent of earners took home less than 10 percent of all income through the 1960s and 1970s. Since then, the topmost 1 percent have seen their share rise again: it shot past 15 percent in 1996 and crested at 20.3 percent in 2006, the most recent year for which numbers are available.

    binners
    Full Member

    Its not the choices bit. I don’t have an issue with that.You’re stating a truism. However….

    working class parents are less aware of the value of education, are less able to provide role models for education

    The deeply offensive implication that the working classes are too thick to value education? Seriously? Is that because they can’t afford to live in the catchment area of a decent school? Or just because they’re, as a class, all so dim, generally? The thicko’s eh?

    Like I said…. pompous, patronising, and more importantly… completely incorrect twoddle. Actually, thinking about it…. are you Michael Gove? 😆

    jambalaya
    Free Member

    . It’s inarguable that the long-term trend is increasing inequality.


    @ransos
    – I’d say the long term trend 50, 100, 200 years is clearly decreasing inequality and significantly improved living standards overall. If you mean over the last 25 years then it could be said the relative difference between rich and poor has grown, I go back to my point about global competition – unskilled and manual jobs can now be done abroad at far lower rates of pay thus holding down pay for those jobs here. That last part is a fact of modern life, we cannot create a policy to prevent it.

    jambalaya
    Free Member

    I would suggest there is a higher portion of low income families (parents) that don’t value education in comparison to middle income families. It is such factors which help to perpetuate the income divide.

    DrJ
    Full Member

    Or just because they’re, as a class, all so dim, generally? The thicko’s eh?

    More fantasy. Why not try addressing what I actually WROTE ??

    For a start, let’s define “class” by income, just to make things clearer.

    Do you deny that there is a correlation between income and level of education? And if you don’t, how can there NOT be clearer role models for education in a middle class household than in a working class household?

    dazh
    Full Member

    Aaah – I see your problem. I didn’t say either of those things, so we can narrow it down to your poor reading skills.

    working class parents are less aware of the value of education, are less able to provide role models for education, and may be less able to optimise their childrens education by helping with homework

    Yeah I obviously can’t read. It must be the council estate up-bringing 😀

    DrJ
    Full Member

    Yeah I obviously can’t read. It must be the council estate up-bringing

    Maybe, but I was brought up on a council estate myself, so don’t despair.

    mudshark
    Free Member

    working class parents are less aware of the value of education, are less able to provide role models for education

    Not working class as such but the people on the council estates in West London I used to have contact with with had little interest in education. Basically they saw little need to work as they had their needs met by the state and anyway good jobs weren’t for the likes of them. The charity I was involved with looked to change this attitude.

    ransos
    Free Member

    On the contrary, the facts are income inequality is much lower than in previous centuries and over the past century there have been improvement, stability, deterioration and then ST improvement. So the trends are very clear, thanks! I will carry on in their knowledge.

    You seem to be having trouble with basic comprehension, in particular the meaning of “the last thirty years”. Still, if you wish to talk about the effect of the 1773 Enclosures act in order to win the internet, do carry on. Sensible folk who can a) read a graph and b) understand what might be relevant to today will give your posts the attention they deserve.

    Edited to add: your edit to add the Harvard reference proves what I’ve been saying, so thanks for saving me the trouble.

    pictonroad
    Full Member

    Interesting programme on Radio 4 yesterday about ‘pushy parents’. I can’t link to it as I’m at work. They did briefly discuss the involvment in a child’s education being less for parents from deprived areas (for want of a better term).

    Sweeping generalisations aside of course…

    teamhurtmore
    Free Member

    Blimey, you should get a job in climate science! Anyway moving on (since the LT trends are clear)

    ransos
    Free Member

    Blimey, you should get a job in climate science! Anyway moving on (since the LT trends are clear)

    Indeed they are: inequality is increasing.

    Speaking of climate science, did you know that the earth was warmer 125,000 years ago than it is today? So if we apply the THM approach, we can say with confidence that the earth is getting cooler, not warmer.

    teamhurtmore
    Free Member

    Footflaps, that is perfect axis selection. Your partially prove the point, thanks. Extend the graph at either end and……

    dantsw13
    Full Member

    Back to the original issue on school fees – the country can’t afford to school all it’s children. If all Private schools closed, the parents of those kids would save a fortune in school fees, but the cost would be born by general taxation, meaning that low wage earners would then be subsidising the education of the middle classes.

    Currently, anybody who sends their kids to private school pays twice – once through general taxation, then again from Net Income for private school fees.

    allthepies
    Free Member

    US specific graph presumably.

    teamhurtmore
    Free Member

    US and UK trends are quite similar but not perfectly so. Of course, income inequality increased over a period between mid 70s and roughly the crisis. But that does not mean that the the LT has been upwards. We have returned and fallen back from inequality levels that have been seen in history over several cycles. It’s not a brand new phenomenon.

    Similarly income inequality has improved in the past few years – as I said ironically under a Tory government but don’t read too much into that correlation!

    DaRC_L
    Full Member

    Do traditional (i.e. pre-1980’s) classes still exist?
    As pre-1980’s white collar workers have their suits & ties removed do they become blue collar workers?
    Do the aristocracy still form the majority of the 1%?

    Haven’t we moved into the underclass / middle / superclass# model where the underclass don’t work (as a wild generalisation) and neither do the superclass (who just swan about as celebs)?
    Whilst the burden of payment in society is carried my the middle.

    #which are the 10% of the 1% if the 1% earn over 100K.

    teamhurtmore
    Free Member

    All societies have segregation of some sorts. The constituents of each segment vary over time but they don’t just disappear. Many developing economies have much higher levels of inequality than developed ones.

    LHS
    Free Member

    Not read the article, CBA – this thread is further evidence of just how wrong LHS is about absolutely everything.

    A well thought out, articulate and intelligent statement.

    anagallis_arvensis
    Full Member

    back to the original issue on school fees – the country can’t afford to school all it’s children.

    What utter bobbins

    miketually
    Free Member

    back to the original issue on school fees – the country can’t afford to school all it’s children.

    Wikipedia tells me 7% of kids are in private schools.

    The DFE spends about £2bn per year. Assuming all of that gets to the kids, which it doesn’t, you’re talking about an extra £140m per year if all those privately educated kids went state educated instead.

    That’s a lot of money – it’s a bit more than what 1100 financial compliance bods earn – but in terms of government spending it’s not a lot.

    mudshark
    Free Member

    Would have to buy some land and build a few schools first which would be pricey – or just seize the private ones?

    miketually
    Free Member

    Would have to buy some land and build a few schools first which would be pricey – or just seize the private ones?

    Some of the state schools in leafier suburbs will see an increase in student number, so may need extending. But, we’re building and extending schools all the time so I’m sure they could easily be absorbed.

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